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  • Banking Knowledge for Competitive Exams
  • When a bank provides a loan for purchase of white goods, ...
Multiple choice

When a bank provides a loan for purchase of white goods, it is categorised as ________.

  1. consumption loan

  2. home loan

  3. consumer durable loan

  4. education loan

  5. bridge loan

Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

Consumer durable loan is provided by banks for purchase of white goods.

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